Business Directories

Seera Investment Bank, a Bahrain-based Islamic investment bank, has successfully exited a Sharia-compliant financing transaction to develop a student accommodation property in London, UK.
The financing generated a total return on

Seera Investment Bank, a Bahrain-based Islamic investment bank, has successfully exited a Sharia-compliant financing transaction to develop a student accommodation property in London, UK.
The financing generated a total return on

Morocco has issued a royal decree to create a sharia board of Islamic scholars to oversee the country's fledgling Islamic finance industry.
Called the Sharia Committee for Participative Finances, it will be composed of 10 Isla

UAE-based Ajman Bank has signed a $200 million sharia-complaint syndicated finance facility to support its banking activities.
The consortium of banks was led by Islamic bank Al Hilal Bank and was advised by global law firm Denton

The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would oversee the kingdom's Islamic finance sector, in a step that could help the market compete with regional rivals.

Bahrain-based International Islamic Financial Market (IIFM) will develop contract templates for sharia-compliant corporate finance and trade finance transactions, as the industry body expands its mandate, its chairman said on Monday.

The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has released draft guidance on liquidity risk management for Islamic banks and a new standard for regulatory supervision, as the industry body tightens oversight of banking practices

Increasing demand for Sharia-compliant insurance in Bahrain has led to takaful premiums growing more than seven per cent last year, it has emerged.
According to Central Bank of Bahrain (CBB) executive director of financial institu

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

The launch of "Murabaha" through equities programme by the Bahrain Bourse (BHB) has moved closer to implementation with the exchange appointing Dr Shaikh Osama Mohammed Bahar as its sharia adviser.
Shaikh Osama has devel